Solving Income Inequality: We Told You So.

Friday, February 22, 2013

“Drastic income inequality growth in the United States is largely derived from changes in the way the U.S. government taxes income from capital gains and dividends, according to a new study by… the non-partisan Congressional Research Service.” Pretty much proving everything Democrats have been saying for years…

Why is the GOP good with the sequester? Not only would it lay off hundreds of unionized public sector workers, but it ensures that the middle class takes a financial hit instead of their top campaign contributors who make their living from capital gains instead of working.

There's very little evidence that low rates on capital gains have any effect on economic growth at all. In fact, you can make an argument that current rates are too low. It's possible that higher rates might benefit the economy.

Sign Up For Updates

The great American middle class wasn’t something that just happened – it was built brick by brick. It was built by soldiers returning from war and a government that repaid them by giving them a shot at college.

What the wealthy and well-connected figured out is that they have strength in numbers: the numbers of dollars they contribute to politicians. It’s time working and middle class Americans use our strength in numbers to reclaim the American Dream. We need a counterweight to the power of big money – and that’s the power of big numbers, the power of ordinary people who work for a living demanding to have our voices heard – from the workplace to Washington.